start here

The Daily IKN email digest, get all daily posts sent to you next day (& no ads)

11/10/10

JAG's 3q10 results yesterday were the usual dosage of underperformance. Cash costs higher, another nasty net loss etc etc ad infinitum...all the line items we're used to from this dog.

But we note that even the way lower guidances that JAG handed out after its 2q10 trainwreck quarter (that we documentedright here) we missed by some distance. Back then, JAG guided for 43,500oz production in 3q10. The result, just 23 days after that 3q10 was given to the market, was quarterly production of 38,861 oz Au produced.

If you do the math, that 4,639 oz if sold by JAG at its sales average for the quarter of U$1,254/oz means that JAG promised the market U$5.8m worth of production more than it could deliver....just 23 days before the quarter closed! Compare that to the $3.8m net loss JAG just announced for 3q10. And think about it.

Total Pageviews

The information and opinions contained within this site reflect the personal views of Inca Kola News and therefore all material within should not be construed as accurate or reliable or be utilized as advice for investment or business purposes. Independent due diligence and discussions with ones own investment and business advisors is strongly recommended. Accordingly, nothing on this site should be construed as offering a guarantee of the accuracy or completeness of the information contained herein, as an offer or solicitation with respect to the purchase or sale of any security or as an endorsement of any product or service. All opinions and estimates included on this site are subject to change without notice. All content may be reproduced under fair use doctrine providing proper credit and a return link is made to this https://www.liquidtintz.com/ site.